Barack Obama: Capitalism’s BFF

from the AP:

“WASHINGTON (AP) — President Barack Obama says he cannot “govern out of anger” just because of public outrage over bonuses paid at financial institutions kept afloat by taxpayer dollars.

Obama’s declaration came as he pushed for a $3.6 trillion federal budget proposal that already is opposed from within his own party. As he seeks lawmakers’ support for his first budget, he took a political risk in signaling discomfort with a separate plan that slaps a punitive, 90 percent tax on bonuses paid to American International Group employees.

Obama, a law professor-turned-chief executive, said during an interview broadcast Sunday that he does not like the idea of “passing laws that are just targeting a handful of individuals” or using the tax code to punish people.

“Let’s see if there are ways of doing this that are both legal, that are constitutional, that uphold our basic principles of fairness, but don’t hamper us from getting the banking system back on track,” Obama said on CBS’ “60 Minutes.”

I’m beginning to think that Barack Obama, derided as a socialist by some, is actually the best friend that capitalism could hope for at the moment. The rising tide of populist anger at Wall Street from both the right and left would certainly make it easy to demagogue on that issue and really stir things up. If Obama truly wanted to build political support for a wholesale assault on corporate America, this would be the opportunity.

But that’s not what’s happening, as his stance on the AIG tax bill indicates. Instead, Obama is trying to use government to save capitalism.

The ideological right doesn’t like it because his approach involves government more deeply in business, but business itself strongly supports much of what Obama is doing. Groups such as the U.S. Chamber of Commerce and National Association of Manufacturers backed his stimulus plan and they also back his efforts to rescue the banking system and automakers with infusions of government cash.

The left isn’t particularly thrilled either by Obama’s approach either, with many suggesting that the president is squandering a historic opportunity to bring corporate America to heel.

For instance, there’s Joel Kotkin, writing in Newsweek:

“In this respect, the Obama administration, criticized justifiably as too radical on some issues, has been far too timid. It has squandered much of the stimulus effort on maintaining fundamentally corrupt, even sociopathic, institutions like AIG or Citigroup. By taking direction from establishmentarians like Treasury Secretary Timothy Geithner, one of the original architects of the Bush financial bailouts, the current administration has seemed as complicit in condoning and even rewarding Wall Street’s transgressions as the last one.”

And Paul Krugman in the New York Times:

“It’s as if the president were determined to confirm the growing perception that he and his economic team are out of touch, that their economic vision is clouded by excessively close ties to Wall Street. And by the time Mr. Obama realizes that he needs to change course, his political capital may be gone.”

People on both the left and right would be happy to see Obama fire Tim Geithner as Treasury secretary. People on both the left and right are all too ready to end government support for banks and automakers and announce that CEOs will have to sink or swim on their own. Americans who don’t agree with each other about much would applaud Obama for taking that kind of approach, if for very different reasons.

But again, that’s not what he’s doing.

He is voicing anger and frustration with those in corporate America and finance who don’t “get it,” in part because they really don’t get it and in part because it’s important to provide an outlet for public feelings on the issue. He is also forcing increased regulation on business and advocating more sensible compensation policies because both are absolutely necessary — economically, politically and morally.

But he’s doing all that in an effort to save capitalism, not end it.

157 comments Add your comment

Sam

March 23rd, 2009
3:14 pm

Actually, if he was for capitalism, he would allow these “too big to fail companies” (banks, GM, Chrysler, etc) do exactly that….FAIL

When you or I go into bankruptcy, we close buisness, sell off what we can that’s profitable, and come back leaner and stronger. Why should these big companies be any different?

norman ravitch

March 23rd, 2009
3:15 pm

Obama has picked Geithner because he has the smarts to save capitalism from itself. The Left hates Geithner because he wants to save capitalism, the Right hates Geithner because he might succeed.

The Corporal

March 23rd, 2009
3:15 pm

Sorry Jay:

All of this is “frog in the kettle”. He can’t do what he wants to right out of the gate or it would be seen for what it truly is and the “backlash” would stop him.

His socialist/liberal agenda is not limited to finances either. There is a lot of under the table maneuvering going on regarding, foreign policy, immigration policy, ICE enforcement regarding illegals, 2nd Amendment issues, etc., etc. – not to mention the sad reversal on the stem cell debate and other moral issues.

A wolf in sheep’s clothing ….. no other way to say it.

Taxpayer

March 23rd, 2009
3:19 pm

So true, Jay. At least in my humble opinion. Just imagine if Obama really started sounding and acting like Chavez. What if he nationalized the banking system and fired all the CEOs and replaced them with appointees. Or, what if he just took a 100% hands-off approach. Now those ‘what-ifs’ truly lead to some scary prospects.

The Corporal

March 23rd, 2009
3:22 pm

P.S.

As Hillary once said about Obama:

“I just have this sense that finally my opponent is getting maybe a little bit of scrutiny.”

And the more we dig, the more dangerous it looks.

RealityKing

March 23rd, 2009
3:22 pm

Companies that are too big to fail are too big to manage…, most especially by the government.

Mrs. Godzilla

March 23rd, 2009
3:23 pm

Obama, no socialist to anyone who know what that means, is already the best friend the average American has.

I’m so glad I voted for President Obama.

Mrs. Godzilla

March 23rd, 2009
3:30 pm

Companies too big to fail let me introduce you to Sherman Anti Trust!

This is dedicated to all companies too big to fail:

http://www.youtube.com/watch?v=tbad22CKlB4

ESR

March 23rd, 2009
3:42 pm

I expect Obama to stand in front of the camera tomorrow night in full military drag. My money says he’ll go for the drab green, cammies will make his hips look big.

The Corporal

March 23rd, 2009
3:43 pm

“Capitalism without bankruptcy is like Christianity without hell.” Frank Borman

“An economics professor said he had never failed a single student before but had, once, failed an entire class. The class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.

After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too; so they studied little…

The second Test average was a D! No one was happy. When the 3rd test rolled around the average was an F. The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder to succeed the greater the reward but when a government takes all the reward away; no one will try or succeed.

Our poor children. They are going to hate us.”

Author Unknown

The Corporal

March 23rd, 2009
3:44 pm

To ESR:

LOL ! Ooo Rah !

RealityKing

March 23rd, 2009
3:49 pm

Wow! 450 up…. Now Obama only has 5000 to go!!

Joe Matarotz

March 23rd, 2009
3:54 pm

The Atlanta Journal COnstitution is hemorrhaging $1 million per week. When they decide to throw in the towel and Bookman and Luckovich et al. are unemployed, it would be interesting to hear what Jay thinks of Obama then. It’s a lot easier to hold those liberal principles high when you have a steady paycheck.

G

March 23rd, 2009
3:54 pm

For everyday people like me, President Obama is definitely BFF. I am so very proud of him.

ESR

March 23rd, 2009
3:54 pm

I can’t wait until the g’ment runs the banking system, I love dealing with g’ment employees…. especially the people I had to deal with getting my vehicle tags in Dekalb County before you could get them online. Oh happy days!!!!!

I Report/ You Whine

March 23rd, 2009
3:55 pm

A BFF who wants to take out the US economy?

Say what?

getalife

March 23rd, 2009
3:56 pm

What a great day to celebrate the end of the recession.

God bless President Obama.

Hillbilly Deluxe

March 23rd, 2009
3:57 pm

I still don’t understand why AIG execs keep their bonuses because they had a contract yet GM is required to negotiate concessions from workers to get their bailout. UAW workers have a contract too. What’s good for white collar workers should be good for blue collar workers and vice versa.

Here’s an interesting take on “too big to fail” by a guest columnist in another paper.
http://www.gainesvilletimes.com/news/article/16413/

Joe Matarotz

March 23rd, 2009
3:57 pm

Mrs. G,

Take the Sherman Antitrust act one step further:

http://www.usdoj.gov/atr/public/divisionmanual/chapter2.htm#_1_2

Copyleft

March 23rd, 2009
3:58 pm

Deregulated capitalism, the kind we foolishly experimented with for thirty years, is unsustainable. Regulated capitalism is the only kind of market that’s stable and workable, and that’s what Obama is shooting for.

The folks crying “socialism!” would be laughable if their ignorance weren’t so scary. Regulations is the market’s only hope, Randians; it’s that or ACTUAL socialism, because the libertardian fantasy of laissez-faire plutocracy doesn’t work.

Taxpayer

March 23rd, 2009
4:03 pm

Speaking of companies deemed too big to fail and anti-trust suits. AT&T aka Ma Bell. Now, there is a corporation that, at its peak, was likely second (although even that may be debatable) only to the US government in its depth and breadth.

RealityKing

March 23rd, 2009
4:04 pm

I see the downfall of the progressive media as cramma for feeding Americans an agenda over unfiltered truth. Especially the AJC.., I mean, Jay will fit right in teaching history at one of Atlanta’s Public High Schools..

Cynthia Tucker McKinney

March 23rd, 2009
4:07 pm

Capitalisms BFF, my eye!! Obama is riddled with anger. He hates the military. He hates the fact that we are the only superpower in the world. He cannot stand the capitalist system because he believes that it is unfair. Anyway, it was Obama’s Geithner that approved the contracts for execs while he was head of the NY Fed. It would be dishonest for Obama to now raise cane. Especially now that we know that Geithner pushed Sen. Dodd to leave the bonuses in the porkulus bill for the AIG big wigs. Obama doesn’t even have the stone to oppose something that his own henchmen pushed for.

The Corporal

March 23rd, 2009
4:08 pm

Barack Obama: Capitalism’s BFF – Biggest Financial Flop

O.K. I started it now everyone jump in ….. but be nice.

The Corporal

March 23rd, 2009
4:10 pm

Folks – read “Dreams of my Father”.

I repeat, read “DREAMS OF MY FATHER” !!!!!!!!!

Conservatives take a hint here. Obama’s campaign tried to hide this book when he was running !!!

RealityKing

March 23rd, 2009
4:10 pm

I mean krama…, kind of like my inability to spell.

getalife

March 23rd, 2009
4:13 pm

Dow up 1200 in two week.

Cons wanted him to fail but they failed.

Losers.

Wyld Byll Hyltnyr

March 23rd, 2009
4:15 pm

Today’s market = dead cat bounce

President Obama is a flipper flopper – he wanted to pay the bonuses before he wanted to revoke them before he wanted to leave them alone.

One thing for sure, he isn’t afraid to go after private individuals who get on his wrong side – whether it is Limbaugh. an AIG professional, or a mentally challenged child – POTUS will bring the full weight of government to bear if you are not popular with him.

Brian

March 23rd, 2009
4:32 pm

Jay this has to be one the biggest loads of BS you have ever tried to pass off.

Bud Wiser

March 23rd, 2009
4:40 pm

Only a liberal can say that Obama is really trying to save capitalism by imposing socialistic controls on virtually all avenues of finance, mortgage industry, banking, insurance, and automobile manufacturing.

The insane are truly in charge of the asylum now, and are all probably under treatment by some whacko similar to our own self-proclaimed doctor/lawyer/man-about-town who knows everything – just ask him.

Maybe this explains why Obama has such a special place in his heart for Special Olympians, because he has many in his employ.

Geez.

Pogo

March 23rd, 2009
4:41 pm

I am elated now that that Obama and the lemur-eyed Geithner have come up with this idea of buying up the “toxic assets” (bad loans to people who could not afford them) from the banks with taxpayer money. Let’s look at this: the taxpayers are providing another 1 trillion dollars to buy bad loans from the banks so the banks can keep operating and keep loaning money to people who cannot pay them for these new loans because there are no jobs. So now the taxpayers are going to own the “toxic assets”. Who exactly is going to take these “toxic assets” off of us taxpayers hands? The sad truth is that we are seeing another trillion dollars OF OUR MONEY being thrown in the trash that could have been used for something useful (such as bridges, roads, healthcare, etc, etc). And all of this is to keep the status quo (Americans borrowing money they don’t have and banks making money loaning them that money) going. I know that now that all of those “toxic assets” have been bought and the banks are going to be lending money freely again, I’m going out and buy myself a Porsche on credit even though I know I can’t afford it. Why not? Isn’t that what Obama and the Fed are trying to accomplish? To keep rampant consumerism going since that is about all our economy is based upon? Wallstreet ramped up today because they see more opportunity to make money on a false economy. There is nothing to be celebrated by a rise in Wallstreet as long as Mainstreet Taxpayers keeps having to foot the bill. Gloom and Doom indeed Jay. Truth and total Denial are more appropriate. If you and your ilk would, for a moment, think about what is really going on you would have to be depressed. I don’t suspect that would ever happen because I think there is a little bit of that “hey, I’m doing OK, it must not be that bad” mentality with you liberals. As much as you want everyone to believe you care it really and truthfully is about you, isn’t it? Not what is good for the collective, but you. It is really sad.

RW-(the original)

March 23rd, 2009
4:46 pm

RK,

I think you’re going for “karma.” In a note Jay B wrote on a blog downstairs he kind of confirmed your point about the media agenda. He said that after 9/11 they put him back in editorials where he could be “more useful.”

Taxpayer

March 23rd, 2009
4:53 pm

Well, in the spirit of the one thing that most truly represents capitalism in the USofA, the DOW, I think it only appropriate to take a quick look at its performance over select time periods.

On 1/20/01, the DOW was at 10, 587 and on 1/19/09 is was at 8,281. So, during Bush’s 8-year tenure, the DOW lost 22%.

On 1/20/09, the DOW was at 7949 and on 3/23/09 it is at 7776. A loss of 2%. I think it will be interesting to compare numbers after Obama’s 8-year tenure.

ByteMe

March 23rd, 2009
5:03 pm

Hmm… so this is what governing from the “mushy middle” looks like: hated by the 25%-ers on both sides of the divide….

It still feels like there’s an sane adult in charge instead of bloggers and blog trolls.

The Corporal

March 23rd, 2009
5:07 pm

Mrs. Godzilla:

BFF = “Biggest Financial Flop”

Your quote from an earlier thread:

“I am only smug and dismissive of the order takers who rather smugly and dismissively assume that they know better than the Generals.

I’m not going to rely on a meter maid for traffic planning, a bus boy for the scallops de jonghe or a corporal for national security.”

You forgot “and a housewife for the economic stability of this country”. If you have mopped a few floors and had a baby or two I thank you for your service.

By the way, based on your analysis leave the Presidency to someone who has been a senator for more than 142 days.

The Corporal

March 23rd, 2009
5:10 pm

To Mrs. Godzilla:

Does the President of the United States know better than the Generals? We know he gets the last say as Commander in Chief but does he “know” better?

In other words, under our system of government Generals don’t decide when to go to war nor should they. But once we do go to war, get out of their way and let them do their job. They’ll come back and tell you when it’s over.

Taxpayer

March 23rd, 2009
5:19 pm

Tammy Bruce, guest host for Laura Ingram’s radio show, had some harsh words for First Lady Michelle Obama.

Well, here’s what I think about Tammy Bruce — whoever the hell she is. chirp chirp chirp

The Corporal

March 23rd, 2009
5:19 pm

Past Great Orators of the Democratic Party

‘One man with courage makes a majority.’
- Andrew Jackson

‘The only thing we have to fear is fear itself.’
- Franklin D. Roosevelt

‘The buck stops here.’
- Harry S. Truman

‘Ask not what your country can do for you; ask what you can do for your country.’
- John F. Kennedy

And for today’s Democrats…

‘It depends what your definition of ‘IS’ is?”
- Bill Clinton

‘That Obama – I would like to cut his N*TS off.’
- Jesse Jackson

‘Those rumors are false …. I believe in the sanctity of marriage.’
- John Edwards

‘I invented the Internet’
- Al Gore

‘The next Person that tells me I’m not religious, I’m going to shove my rosary beads up their A**.’
- Joe Biden

A’America is–is no longer, uh, what it–it, uh, could be, uh what it was once was…uh, and I say to myself, ‘uh, I don’t want that future, uh, uh for my children.’
- Barack Obama

‘I have campaigned in all 57 states.
- Barack Obama

‘You don’t need God anymore, you have us democrats.’
- Nancy Pelosi (2006)

‘Paying taxes is voluntary.’
- Sen. Harry Reid

‘Bill is the greatest husband and father I know. No one is more faithful, true, and honest than he.’
- Hillary Clinton (1998)

HOW LUCKY CAN WE BE TO HAVE SUCH BRILLIANT MINDS IN CHARGE OF OUR ONCE GREAT COUNT RY!!!

Mike

March 23rd, 2009
5:22 pm

I think Jay hit the nail on the head with this analysis.

PJ

March 23rd, 2009
5:24 pm

Hi Friends and foes. Just back from a lovely five days on the lake (a birthday gift from Hubby) and I am well rested and looking for a fight (HA-HA). I kept up with the latest news when time permitted so I would not fall to far behind you all. Did anyone catch Dateline last night on how this whole financial fiasco we are now in it came about. There was plenty of blame to go around from Main Street clear up to Wall Street and right down to Pennsylvania Avenue. Until and unless we as Americans learn to live within our means, get off of our credit addictions and stop trying to get rich quick (no matter who gets hurt) we will find ourselves never getting out of this mess anytime soon. We must stop the way we fund elections and go for a strictly public finance system to get lobbyist out of politician’s pockets. It’s time we stop class warfare against the poor, believe it or not they are not the ones hurting this nation. When the top one percent of people makes over 50 percent of the money we have created a process of inequity that, with time, will evaporate the middle class entirely in this country and we will once again have only the rich and the poor and no one in the middle. It would be one thing if the majority of these rich manufactured or created material things, that would mean jobs, but they only seem to push papers with figures on it around with nothing solid to back it up. Any company or corporation that does not produce a single tangible and solid object and is said to be too big to fail is entirely too big to begin with. One company’s almost collapse should not be the cause of a worldwide recession. No one entity that is made up out of falsified wealth will prosper for long. Don’t get me wrong for there is a need of organizations that back, through their finances, other endeavours for the sake of profit but they should not do it at expense and lively hood of those of us who got nothing out of the deal. Break them up and regulate them so that their downfall is not everyone’s downfall.

The Corporal

March 23rd, 2009
5:25 pm

Taxpayer:

She’s a very right wing, pistol packing mama who calls ‘em like she see ‘em.

http://www.tammybruce.com/

Taxpayer

March 23rd, 2009
5:28 pm

ConservativeAnchor

March 23rd, 2009
5:29 pm

What’s BFF = Big Freakin Flop

It’s Obozonomics … woohoo

Glenn

March 23rd, 2009
5:32 pm

Contrary to Mr. Bookman’s exaggeration, Barack Obama never was “a law professor”. That’s a ridiculous exaggeration.

Aaron Burr V. Mexico

March 23rd, 2009
5:35 pm

Obama just wants to see this nation taken a down a notch. We have become so rich, that we forget that the rest of the world lives in worser conditions. This country needs to learn how to be humble. I applaud Obama and wish him success in his efforts to use the government to slow down economic growth.

The Corporal

March 23rd, 2009
5:36 pm

P.S. to Taxpayer:

I read the article and although she explained herself well I wouldn’t have chosen those words. Not for this administration to date. However, I “can” think of someone from a previous administration where that word “trash” might fit ….. you know ….. someone involved in extracurricular activities just off the Oval office with a very youing female employee under their supervision ….. something any other federal employee would have been fired for.

The Corporal

March 23rd, 2009
5:37 pm

Mexico:

“Worser”?

I Report/ You Whine

March 23rd, 2009
5:38 pm

Busy day for me today too, PJ, I bought up every real estate security I could get my hands on.

Now I wait a few months until all that fat government money rains down from the sky and then sell them, for thee profit.

Profit of which I will be stuffing back into the mattress.

Waiting for the next stupid storm of trillions to burst forth from the treasury.

I could get used to this socialism.

PJ

March 23rd, 2009
5:38 pm

To: The Corporal @5:19

I want to add these Bushisms to your list of quotes:

“One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people’s money to help prevent there to be a crisis.” –George W. Bush, Washington, D.C., Jan. 12, 2009

“I’m telling you there’s an enemy that would like to attack America, Americans, again. There just is. That’s the reality of the world. And I wish him all the very best.” –George W. Bush, Washington, D.C., Jan. 12, 2009

“In terms of the economy, look, I inherited a recession, I am ending on a recession.” –George W. Bush, Washington, D.C., Jan. 12, 2009

“I guess it’s OK to call the secretary of education here ‘buddy.’ That means friend.” –George W. Bush, Philadelphia, Jan. 8, 2009

“So I analyzed that and decided I didn’t want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.” –George W. Bush, Washington D.C., Dec. 18, 2008

“People say, well, do you ever hear any other voices other than, like, a few people? Of course I do.” –George W. Bush, Washington, D.C., Dec. 18, 2008

“I’ve abandoned free market principles to save the free market system.” –George W. Bush, Washington, D.C., Dec. 16, 2008

“You know, I’m the President during this period of time, but I think when the history of this period is written, people will realize a lot of the decisions that were made on Wall Street took place over a decade or so, before I arrived in President, during I arrived in President.” –George W. Bush, ABC News interview, Dec. 1, 2008

“I’ve been in the Bible every day since I’ve been the president.” –George W. Bush, Washington, D.C., Nov. 12, 2008

“He was a great father before politics, a great father during politics and a great father after politics.” –George W. Bush, on his father, George H.W. Bush, Washington, D.C., Nov. 12, 2008

“Yesterday, you made note of my — the lack of my talent when it came to dancing. But nevertheless, I want you to know I danced with joy. And no question Liberia has gone through very difficult times.” –George W. Bush, speaking with the president of Liberia, Washington, D.C., Oct. 22, 2008

The Corporal

March 23rd, 2009
5:45 pm

PJ:

Good ones! I’ve read them all many times.

Frederick Douglass

March 23rd, 2009
5:47 pm

Liberals, read ” My pet goat”. Conservatives tried to hide this book during the Bush administration, and hey, read it upside down. Speaking
of upside, how’s that Dow doing over the past couple of weeks?

The REAL GodHatesTrash, Superstar

March 23rd, 2009
5:51 pm

Hey Bookman RightWingnutterbutters! Tammy Bruce thinks Obama is one of y’all!

http://www.huffingtonpost.com/2009/03/23/tammy-bruce-calls-the-oba_n_178109.html

PJ

March 23rd, 2009
5:53 pm

To: I Report/ You Whine @5:38 pm – And you my good man, and people who think like you, are part of the problem.

To: The Corporal @5:45 pm – Good, I’m glad you liked them. I have a ton more if you want to see. They are only the recent ones. Also watch Will Ferrell’s HBO special where he parodies Bush, it’s a hoot.

The Corporal

March 23rd, 2009
5:54 pm

The REAL GodHatesTrash, Superstar:

Slick Willie was !

The REAL GodHatesTrash, Superstar

March 23rd, 2009
6:01 pm

Krugman has made some good calls on this stuff over the last couple of years, and he’s right – Obama is on thin ice not kicking the Wall Street scum to the curb. He needs to change direction soon.

NRB

March 23rd, 2009
6:06 pm

“he does not like the idea of “passing laws that are just targeting a handful of individuals” or using the tax code to punish people.”

So he doesn’t like the idea? Well neither does the constitution. He knows damn well that the “bonus tax” would never pass constitutional muster so why bother with it?

If he could tax certain people at 100%, you better beleive he would do it.

He is no friend of capitalism. It’s just our process keeping his hands tied, as it should be.

david wayne osedach

March 23rd, 2009
6:18 pm

Obama was elected by the people of the United States. His duty is to serve them. If he thinks he is above all of that he will be impeached.

AIG bonuses should be taxed 99.99%.

Joey

March 23rd, 2009
6:18 pm

Bosch: I responded to your 11:40 post on the previous thread on the previous thread. Joey.

Fact Checker

March 23rd, 2009
6:22 pm

Obama needs to stop making fun of retards and kick the CEO types to the curb. I’m needin’ more change than this. The government needs to give a pimps’ love to Robber Barons.

Cynthia Tucker McKinney

March 23rd, 2009
6:26 pm

Glen, you are right. Obama was on staff of whatver northern lib university as a guest lecturer. They put him on the payroll to give ACORN and community agitating lectures and to provide him some health insurance. That why those bogus postitions are created.

@@

March 23rd, 2009
6:34 pm

But he’s doing all that in an effort to save capitalism, not end it.

On my dime, jay.

The Corporal

March 23rd, 2009
6:36 pm

Mrs. Godzilla:

Are you hiding ?

Taxpayer

March 23rd, 2009
6:37 pm

One day aa claims that aa will not allow aa’s money to be spent by Obama and that aa is going to quit working just to make it so. The next day aa is claiming that aa is against what Obama is doing because it would spend a dime that belongs to aa. Is aa a pendulum.

@@

March 23rd, 2009
6:45 pm

Taxpayer:

Taxes will still be paid. Our income bracket will be lowered. My daughter’s future will definitely be taxed, and for that, I hold Obama responsible.

Obama does not represent my principles, he simply taxes ‘em.

Ray

March 23rd, 2009
6:46 pm

For over a hundred years now, we have enjoyed the highest standard of living on the planet. The world has looked up to the US as the world leader that they would most like to envy, conquer, emulate or stand in line to be admitted to as a citizen. We have saved Europe’s sorry a** twice in 75 years, given South Korea a new lease on life, given the Iraqi people a chance at self determination instead of boot heel tyranny, saved our oil supply in Kuwait, ended the Cold War and still you liberals rant and rave about how we are not “people of the new world order”. We have something unique in this land of ours that no other country has. I don’t want to be like the “rest of the world”. For all of it’s warts and for all of it’s misgivings, it is still head and shoulders about any other country in the whole world and the only country that I and others like me would want to live in. Try spending 35 yrs of your life living in other countries. Our citizenship and our freedom in this great land of ours is the most precious thing that we possess. It is easy to forget this in the heat of oral battles and name calling but bottom line, it is great the be an American.

The Corporal

March 23rd, 2009
6:53 pm

Ray:

Well said, but these people have a complex of some sort. They just won’t be happy until the Unites States is just like Europe ….

Taxpayer

March 23rd, 2009
7:00 pm

I know the feeling, aa. Bush did the same to me — for eight looooonnnnggg years. I’m looking forward to eight years of reciprocating.

RW-(the original)

March 23rd, 2009
7:17 pm

Sounds like somebody didn’t get a big enough dose of the snake oil Jay B was selling downstairs about nobody being upset with where Bush was heading until he had been in office for several years.

Mrs. Godzilla

March 23rd, 2009
7:22 pm

GHT, can I call you that?

I saw that Tammy Bruce bit…never heard of her. Anybody who looks at the Obama family and thinks “trash”, is a body who has delusions and may be dangerous.

You may strenuously, vocally, vehemently disagree with his politics, but this is a fine decent man, with a fine decent wife and fine decent children.

I don’t think GOD hates anything, even trash.

PJ

Thanks for the walk down memory lane! I still love the “docs who can’t practice their love” quote.

Andy (IRYW),

You better own a warehouse full of california king pillow tops all stuffed with $$$$, if not, you aren’t even Bernie Madoff’s pocket change.

Glenn

From factcheck.com:

UC Law School statement: The Law School has received many media requests about Barack Obama, especially about his status as “Senior Lecturer.” From 1992 until his election to the U.S. Senate in 2004, Barack Obama served as a professor in the Law School. He was a Lecturer from 1992 to 1996. He was a Senior Lecturer from 1996 to 2004, during which time he taught three courses per year. Senior Lecturers are considered to be members of the Law School faculty and are regarded as professors, although not full-time or tenure-track. The title of Senior Lecturer is distinct from the title of Lecturer, which signifies adjunct status. Like Obama, each of the Law School’s Senior Lecturers have high-demand careers in politics or public service, which prevent full-time teaching. Several times during his 12 years as a professor in the Law School, Obama was invited to join the faculty in a full-time tenure-track position, but he declined.

Now, it’s probably true that Obama paid off Factcheck.org and The University of Chicago because he has more mattresses than Andy.

Corporal

Truman fired MacArthur. This is the United States of America not some bana republic!

Oh, and thanks for taking the time to copy and repost my piece from the previous thread. BUT, OOOOOOHHHH! You shouldn’t be mean to housewives. They could sew up the legs of your underpants while your out bringing home the bacon!

James, Cool that you would say ” “and a housewife for the economic stability of this country”. I should hope not!! Heavens above!!
The best a mopping, cooking, hausfrau like me can do is continue to read and learn. I don’t remember ever carving anything in stone….

As far as 142 days. Nice sound bite. Snappy. The new hip GOP…snazzy.
But I must point out Ronald Reagan was never in the Senate. George W. Bush was a one term Texas Governor. Woodrow Wilson served only 2 years as Governor. George H.W. Bush spent 2 terms in the House. George Washington never held any elected office prior to being #1.

From my point of view, Obama is not to raw and not too ripe. In fact, he’s just right!

Y’all have a good night.

The Corporal

March 23rd, 2009
7:23 pm

Just in case “Mr. Teleprompter” ever breaks down, the White House Communications Agency (WHCA) guys can grab this !

http://www.youtube.com/watch?v=Bwfi9_xjOtU

The Corporal

March 23rd, 2009
7:29 pm

Mrs. Godzilla:

Why are you going away? I’m sorry. I didn’t mean to hurt your feelings. If you’re going to play hardball you have to get back up from a “brushoff”.

By the way, what is your educational/work experience outside the home? No putdown. Just curious totry to better understand you. You know, E-4’s and all.

ConservativeAnchor

March 23rd, 2009
7:32 pm

Ms. Godzilla: You are a stupendous … DOPE!

Dave R

March 23rd, 2009
7:34 pm

You libs are like the wrestlers on TV who use a “foreign object” when the ref isn’t looking, and just when you’re about to be caught whine, “Who, me?”

We know what Socialism is, and we recognize the creeping version of it. We’re living it right now. You know you can’t get it in one fell swoop, so you take away our freedoms and our economic system one small step at a time. You think we’re not watching and paying attention, but when we catch you in another grab and you exclaim, “Who, us?”, we call you out on it. You know that you can’t get to your Socialist world on the backs of Barney and Nancy and Chuckie, because you know what will happen if you try. So you send out Hope & Change to ease them back from the abyss. He doesn’t drag them all the way back, but he keeps them another step or two ahead of where they were, and makes it look like he’s a moderating influence. But those last couple of steps have still been taken towards your ultimate goal of government running everyone’s lives. G will be so happy if that day ever comes, because a great weight of personal responsibility will have been lifted from her shoulders. She’ll never have to make another decision in her lifetime. Of course, she’ll never be anything but a drone, but who cares? Complete control over everything is fun, isn’t it?

BFF?

Barry’s
Fiscal
Fiasco

Dave R

March 23rd, 2009
7:40 pm

Mrs. G, you neglected to mention that Ronald Reagan was a former governor of California – an executive position. GWB – the same. Woodrow Wilson – the same. GHWB ran private companies and the CIA for years – executive experience.

Hope & Change? None of the above. You can run from the truth, but you cannot hide from it.

Well, you can. But that’s because you libs ignore reality.

Taxpayer

March 23rd, 2009
7:54 pm

This eight-year — yes, that’s right, EIGHT-YEAR — Obama term in the White House is getting off to a fantastic start. The moans and groans coming from the party that dumped on we the people for eight long years is like music to my ears. I wonder if we can get some of those female right wing fringe nut cases such as Bachmann to Play misty for me. No. No! NO! I was just kidding. We don’t know each other well enough!

DB, Gwinnettian

March 23rd, 2009
8:09 pm

But he’s doing all that in an effort to save capitalism, not end it.

See also: Roosevelt, Franklin Delano

Beyond that, I actually watched some network TeeVee news this evening for the first time in ages. Looks like a pretty good news day for our Administration. Which explains why some in here are as surly as they are.

DB, Gwinnettian

March 23rd, 2009
8:15 pm

They just won’t be happy until the Unites [sic] States is just like Europe ….

Can someone explain to me why, exactly, so many white American conservatives seem uniformly terrified of our nation coming to resemble those of their ancestors?

(cue Wyld having the vapors because I used the word “white” twice in one day in 5…4…)

Taxpayer

March 23rd, 2009
8:16 pm

For those interested, I think it most interesting to compare the S&L crisis of the 1980s and 90s, from the changes made in the laws through the programs implemented by our government to clean it up, with our current financial crisis. Amazing, the similarities.

The Corporal

March 23rd, 2009
8:23 pm

ConservativeAnchor:

Oh, don’t do that. I’m trying to bring her around gently.

To Dave R:

Your “BFF” is the best yet !

The Corporal

March 23rd, 2009
8:32 pm

In case you haven’t already seen this, this is what Liberalism/Zero Tolerance/Political Correctness has done to our country ….

AMERICAN SCHOOLS (1959 vs. 2009)

Scenario 1:
Jack goes quail hunting before school and then pulls into the school parking lot with his shotgun in his truck’s gun rack.
1959 – Vice Principal comes over, looks at Jack’s shotgun, goes to his car and gets his shotgun to show Jack.
2009 – School goes into lock down, FBI called, Jack hauled off to jail and never sees his truck or gun again. Counselors called in for traumatized students and teachers.

Scenario 2:
Johnny and Mark get into a fist fight after school.
1959 – Crowd gathers. Mark wins. Johnny and Mark shake hands and end up buddies.
2009 – Police called and SWAT team arrives — they arrest both Johnny and Mark. They are both charged them with assault and both expelled even though Johnny started it.

Scenario 3:
Jeffrey will not be still in class, he disrupts other students.
1959 – Jeffrey sent to the Principal’s office and given a good paddling by the Principal. He then returns to class, sits still and does not disrupt class again.
2009 – Jeffrey is given huge doses of Ritalin. He becomes a zombie.. He is then tested for ADD. The school gets extra money from the state because Jeffrey has a disability.

Scenario 4:
Billy breaks a window in his neighbor’s car and his Dad gives him a whipping with his belt.
1959 – Billy is more careful next time, grows up normal, goes to college and becomes a successful businessman.
2009 – Billy’s dad is arrested for child abuse. Billy is removed to foster care and joins a gang. The state psychologist is told by Billy’s sister that she remembers being abused herself and their dad goes to prison. Billy’s mom has an affair with the psychologist.

Scenario 5:
Mark gets a headache and takes some aspirin to school.
1959 – Mark shares his aspirin with the Principal out on the smoking dock.
2009 – The police are called and Mark is expelled from school for drug violations. His car is then searched for drugs and weapons.

Scenario 6:
Pedro fails high school English.
1959 – Pedro goes to summer school, passes English and goes to college.
2009 – Pedro’s cause is taken up by state. Newspaper articles appear nationally explaining that teaching English as a requirement for graduation is racist. ACLU files class action lawsuit against the state school system and Pedro’s English teacher. English is then banned from core curriculum. Pedro is given his diploma anyway but ends up mowing lawns for a living because he cannot speak English.

Scenario 7:
Johnny takes apart leftover firecrackers from the Fourth of July, puts them in a model airplane paint bottle and blows up a red ant bed.
1959 – Ants die.
2009- ATF, Homeland Security and the FBI are all called. Johnny is charged with domestic terrorism. The FBI investigates his parents — and all siblings are removed from their home and all computers are confiscated. Johnny’s dad is placed on a terror watch list and is never allowed to fly again.

Scenario 8:
Johnny falls while running during recess and scrapes his knee. He is found crying by his teacher, Mary. Mary hugs him to comfort him.
1959 – In a short time, Johnny feels better and goes on playing.
2009 – Mary is accused of being a sexual predator and loses her job. She faces 3 years in State Prison. Johnny undergoes 5 years of therapy.

I Report/ You Whine

March 23rd, 2009
8:43 pm

“This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money,” said Qu Hongbin, chief China economist for HSBC.

Uh, duh.

Isn’t it sweet having the third world telling us how to manage our monetary affairs?

What ever will we throw a trillion at tomorrow, morons?

Taxpayer

March 23rd, 2009
8:43 pm

By the time Ronald Reagan took office in 1981, two-thirds of the nation’s S&Ls were losing money and many were broke. If all the problem thrifts had been shut down right then, the government’s insurance fund would have covered their debts. Instead, the government delayed an average of two years-and, in some cases, as many as seven years-thus allowing bankrupt S&Ls to go on losing billions of dollars. This delay also gave S&Ls a chance to gamble on questionable investments, in an attempt to regain solvency. But first they had to convince Congress to deregulate them. One night in 1980, Representative Fernand St Germain (D-Rhode Island), whose $10,000-to-$20,000-a-year restaurant and bar tab was paid for by the S&L industry’s chief lobbyist, proposed raising federal insurance on S&L savings accounts from $40,000 to $100,000- even though the average size of an S&L account was $6,000. He waited until after midnight, when only eleven representatives were still on the floor of the House; they approved his proposal unanimously.
But St Germain was just getting warmed up. In 1982, he cosponsored a bill that removed all controls on what S&Ls could charge for interest and released them from their century-old reliance on home mortgages. Around the same time, the Reagan administration ended the requirement that S&Ls lend money only in their own communities, allowed them to offer 100% financing (i.e. no down payments), let real estate developers own their own S&Ls, and permitted S&L owners to lend money to themselves.

D.A.

March 23rd, 2009
8:44 pm

“Mrs. Godzilla

March 23rd, 2009
7:22 pm
GHT, can I call you that?

I saw that Tammy Bruce bit…never heard of her. Anybody who looks at the Obama family and thinks “trash”, is a body who has delusions and may be dangerous”

I do not know about that. I have seen you agree with taxpayer, meaning you must not consider him delusional or anything. Yet he/taxpayer has said those who do not pay all taxes are trash. Remember Obama’s auntie, his illegal alien auntie living in what our country would call poverty. Guess one could go after his brother but I feel that is more of a cultural thing.

But one could easily say racist people, you know the kind who would say they are only going to use thier lives for the betterment of one group of people. Like if I said I am only going to do things for the betterment of white people, or my friend said the same about ethnic Indians.

I would call anyone who said anything remotely similar to this a bucket of racist trash, I along with many others I know, including in my opinion you since you normally condemn racisim or bigotry unless it is regarding anythin democrat, would come to the same conclusion, but those are also the people I consider to be honest you know the ones who don’t lie to themselves to prove a point to themselves. I mean honestly who would ever do that.

jon

March 23rd, 2009
8:48 pm

>> A loss of 2%. I think it will be interesting to compare numbers after Obama’s 8-year tenure.<<

Obama’s Dow yardstick should begin on election day, if not 3 months before, when it became apparent he would win.

Bud Wiser

March 23rd, 2009
8:49 pm

The only ones that “really get it are all of us folks who pay taxes, and watch the Washington elitists spend money like it isn’t theirs…..oh wait a minute, it isn’t theirs, it is ours; and it really for sure doesn’t belong in any sense whatsoever to the tax evaders and non-payers.

The nuts are running the nut-house, and Obama disparages the Special Olympians who in fact are all of his staffers and cabinet appointees.

And let’s give a good old fashioned Special Olympics award to the Democratically controlled congress who is raping us all out of every dime they can find, plus what they can print on the mint, because they ‘got cheated’ in 2000 and 2004, and are ‘getting even’ now. Pelosi, Reid and Dodd – Three Stooges if there ever were, except Moe, Larry and Curly were much more attractive to look at.

Maybe Dr Chad can help them, after all, he is a doctor. Bwaaaaaaaaa

I Report/ You Whine

March 23rd, 2009
8:51 pm

“95% of Americans will receive a tax cut under my plan-Impeachment Boy”

Pressed for specifics, democrat Ben Nelson said: “Well, you’re going to have to redo health care so that some of its upfront costs are less, so that you bring down the cost over the 10-year period. Likewise, you’re going to have to speed up the revenues coming in from such things as possibly a cigarette tax, possibly — as the cap-and-trade — going into climate control.”

Who cares how many dollars the socialists let you keep, they won’t be worth anything anyway.

Taxpayer

March 23rd, 2009
8:52 pm

Some people, especially those that cannot properly quote others, would make lousy, even outright pathetic, DAs. They should not quit their ‘day job’.

Taxpayer

March 23rd, 2009
8:54 pm

Speaking of ‘yardsticks’, I like for all of mine to be of the same length. Get it.

Taxpayer

March 23rd, 2009
9:00 pm

If the insolvent S&Ls had been shut down in 1980, the government’s insurance fund would have covered the losses and only administrative costs would have been incurred. By the end of 1985, the costs were estimated at $30 billion. In 1989, Congress finally came up with $157 billion to bail out the S&Ls. But by that time, the costs were over $200 billion. To make up the difference, the Resolution Trust Corporation was formed; it sold off the assets of failed S&Ls, mostly at bargain-basement prices in sweetheart deals. For example, Robert Bass, one of the richest men in America, bought American Savings and Loan for $350 million, then received $2 billion in government subsidies to help him resurrect it. During one week in 1988, the government promised $8 billion in assistance to nine S&L purchasers; one of them put $20 million down, and the other eight paid nothing. That same year, the First Gibraltar Bank was merged with four failing S&Ls and sold to Ronald Perelman (at the time, the fifth richest man in America). Perelman and his partners paid just $315 million for $7.1 billion in good assets; the government then gave them $5.1 billion to cover bad assets, plus $900 million in tax breaks. In the first year Perelman et al. owned it, Gibraltar made a profit of $129 million and got an additional $ 121 million in tax breaks.

I suspect people like Geithner and others knows full well how things unfolded back during the S&L mess and who madoff like bandits.

AmVet

March 23rd, 2009
9:03 pm

After reading this afternoon’s posts I am once again reminded just how hysterical it is to watch anonymous, uber-unqualified yutzes write with such certainty, yet with no clarity, about insanely complex issues of the day of which they know diddly squat.

Never have. Never will.

But on a blog, with enough bluster and enough bravado — VOILA!

You’re an armchair expert in neoclassical, Keynesian and the Chicago School of economics! Ready to reinvent “fiscally conservative” capitalism on a dime!!

Throw in a little dab of flat-earth “science” and some sunspots and PRESTO! Mastery in climatology and atmospheric physics! And are easily able to show EXACTLY why global warming is all a giant liberal myth designed to nefariously destroy mankind!!

Add in some Jesus and cool camos and BINGO! You, my friend, are ready to lead the entire freaking US Military into “fight them over there, so we don’t have to fight them here” combat! And maybe even into the “right” country this time!!

Seriously, most of you neoliths write at a level and exhibit a lack of critical thinking skills that would embarrass the average eighth grade teacher. Except here in Dixie, of course, where you might just be the star pupil.

The blind being led by the lobotomized blind.

No wit. Just half-wits.

And due to excessive in-breeding, really a bunch of quarter-wits…

G

March 23rd, 2009
9:08 pm

The real issue for America is the abuse of capitalism.

The current financial crisis started when the CEOs and CFOs started manipulating figures and engaging in questionable practices to produce fake profits so that they could earn fat bonuses.

America’s corporations are her national assets. Congress should act to impose limits on CEO compensation and give shareholders greater say in making compensation decisions.

The abuse of one company has implications for other companies. The automobile companies and banks financial bail out to restore confidence and help employment situation means that our national assets are interlinked. Congress must act to regulate CEO compensation.

There is no reason for CEOs to earn greater than 20 times the lowest paid employee. No one is worth more than that.

The threat of flight of talent from corporations because of limits of pay is false. Where are they going to go?

If they leave and start their own private businesses, that would be great for America.

The Corporal

March 23rd, 2009
9:10 pm

AmVet:

You need to chill before you have a stroke. We really want you around awhile. Seriously.

The Corporal

March 23rd, 2009
9:11 pm

To G:

Do you include professional athletes not making more than 20 times the hotdog vendors in the stands? I’m for that !!

Midori

March 23rd, 2009
9:13 pm

Corporal,

I can see your angst from my house.

AmVet is and always will be fine.

G

March 23rd, 2009
9:17 pm

TC, yes I do.

The Corporal

March 23rd, 2009
9:18 pm

To G:

Great! We agree on something !

HavingMySay

March 23rd, 2009
9:20 pm

Scenario 1: Jack gets out his pickup, takes his gun into the school to shoot the principal and 12 students and 3 teachers. He was upset because the school system does not allow hunting as a sport.

Scenario 2: The fist fight turned into an all out brawl, with 2 students pulling out a knife and stabbing each other. The whole thing started because Johnny said Mark was on the smoking dock kissing Frank.

Scenario 3: Little did the school system know that Jeffrey’s principal was up all night smoking crack, which lead to excessive anger due to his substance abuse.

Scenario 4: The parent made Billy work off the cost of the window, by cutting his lawn and the lawn of his neighbor for six months. The neighbor received a new window and lawn service for their pain and suffering.

Scenario 5: The aspirin bottle turned out to be a cover for Mark’s grandmothers pain medication. Mark was planning to sale each pill for $5 dollars a pop to all the little hoodlums at his school. It’s a good thing someone else was looking out for Cindy’s precious little 15 year old hoochie mama, who likes to get high off pain medication before sex.

Scenario 6: Pedro’s English teacher is up for retirement in a couple of months, she’s been teaching english for 25 years and has become fedup with horny sixteen year olds. The english teacher doesn’t cover any of the necessary materials, because she retires on June 1st 2009 and will not have to recover the material in summer school. Pedro’s mom makes a complaint and it is discovered that for the last 5 years, out of those 25 years Mrs. Walker was not certified to teach English.

Scenario 7: Johnny was just trying to have fun, but burned down my house and several of my neighbors. Little Johnnys parents refuse to take in my family and those of our homeless neighbors. Where do we live until our home has been rebuilt? I worked out of my home and that huge project I was about to complete for my biggest client went up in flames.

Scenario 8: Ms. Mary has a thing for second grade boys and even little girls sometimes. When she gave Johnny a hug, she also ran her hands down his p__ts and put her tongue in his m___th. I don’t think Johnny should tell, because Ms. Mary might just get what she deserves. Johnny does not deserve 5 years of therapy, but I would suggest he send the bill to Ms. Mary.

The crimes we have in 2009 are not new, they were just well hidden in 1959. I guess they had a “Don’t Ask and Don’t tell policy in effect”.

Taxpayer

March 23rd, 2009
9:23 pm

Who would have ever thought that disease could be spread by bits and bytes.

AmVet

March 23rd, 2009
9:25 pm

Corporal, you should know better.

I should have just ripped off Patches O’Houlihan (Rip Torn) from the movie Dodge Ball when he said, “It’s like watching a bunch of r words trying to hump a doorknob out there!”

Midori knows me!

And isn’t angst a part of Russia, Midori?

The Corporal

March 23rd, 2009
9:29 pm

Having My Say:

Very, very good! And in each of your scenarios the morality of the person involved is what has changed. Those instances used to be an absolute RARITY and now they are everyday occurances.

So what caused it (hint: don’t say poverty because a lot of rich kids/people do these things)?